Israel’s Trade Deficit Down by $250 M

June 17, 1976

JERUSALEM (Jun. 16)

Finance Minister Yehoshua Rabinowitz said today that Israel’s economic picture is frightening. He told a press conference in Tel Aviv that the nation’s trade deficit was $250 million less in the first quarter of this year than in the corresponding period last year. He said exports were up in May and that income tax collections were proceeding “according to plan.”